Expeto Raises $12M Series B For Mission Critical Enterprise Mobile Networking
December 6, 2022
Expeto, which simplifies enterprise networking over private and public mobile networks, today announced a $12M Series B funding round. The news follows global deployments in support of mission critical use cases where Expeto’s cloud-based NeXtworking™ platform solves mobile complexity for enterprises by making any kind of mobile connectivity (CBRS, MNO-provided LTE, 5G, etc.) a seamless part of a privately managed network.
The round was led by Sorenson Capital and included existing investors Evok Innovations, Lavrock Ventures and Mistral Venture Partners. Additional new investors included 5G Open Innovation Lab and Samsung Next. Expeto has raised over $20M total financing to date and will use funds from the Series B to accelerate innovation and expand go-to-market programs.